Open Payout can help your business
Manage accounts, cash flow and finance
- Receive invoices or bills
- Manage day to day banking
Tasks for Accountants and Bookkeepers
- Manage data and documents
File taxes
- Data management
Help and advice for business
- Business insights
Overview
Open Payout for Xero syncs your sales from Etsy, Wix, WooCommerce, TikTok Shop, Shopify and SquareSpace.
Each time your shop makes a sale, Open Payout will create a matching invoice in Xero that will show what you sold, where you sold it and who you sold it to.
You can then match the invoice to the payment you received to quickly reconcile the payments in your bank account or payment processor feed.
Plus you can group your sales by country to separate your local and international sales to easily calculate VAT and GST
Open Payout will automatically detect credit card and payment processor fees from popular payment providers like Stripe and PayPal. And when fees data is not provided by your shop, Open Payout can calculate the fees for you.
Open Payout provides first class user support. You can message us on our chat widget to get help at any time or to schedule a demonstration.
Open Payout + Xero
Open Payout creates invoices in Xero that match exactly to the real money your TikTok Shop, Squarespace, Shopify, Wix, WooCommerce or Etsy shop's bank account receives. This makes it easy to reconcile the real money your bank account receives against your shop's sales.
Mulit Currencies are supported for all accounts.
Open Payout starts simple. After connecting your shop, you can immediately open invoices as drafts in Xero without setting up any mapping or tax configuration.
Open Payout learns from you. Open Payout will automatically detect the accounts and taxes you choose in Xero and then apply your settings to future invoices automatically.
Group your sales by Country, State, City, Description or SKU and then use Tracking categories in Xero to split out your sales by region or type.
Getting started
Get started with Open Payout in 3 easy steps.
- Sign in to Open Payout with Xero
- Connect your shop
- Open your payouts.
It's that simple. No configuration needed.
We pride ourselves on first class user support. Send us a message on our chat app if you need any help.
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WooCommerce/Xero
Perfect for connecting Etsy invoicing straight to Xero
Response from Open Payout